06.10.05 - Wildnet announced today that it is introducing a consultancy service to expand further the range of services that it provides to the insurance market.

"In delivering a range of underwriting and broking systems to the market, we have increasingly been asked for advice on a range of associated subjects" commented Mark Birrell, Chief Executive of Wildnet. "It is clear that clients are not only looking for specific solutions, but also for help in understanding some of the broader issues around technology and its delivery. As a result we have decided to offer a more formal consultancy service, which can either complement or be independent of the other services we offer."

Atrium, the Lloyd’s managing agency, is one of the first clients of the new service.

"When looking at potential advisers, we found that there were two major pluses that Wildnet could offer. The first is that they focus 100% on the insurance sector and their consultants have been active practitioners in different parts of the industry, and the second is their flexibility and ability to deliver practical, no-nonsense advice and execute it." said Stephen Carter, Head of Operations and Projects at Atrium."

“Both the regulatory and the rating environment are continuing to put pressure on insurance businesses, which in turn increases the demand for technology solutions that can help meet those pressures. Wildnet is able to help insurers by offering experienced insurance and technology focused professionals.“ continued Mark Birrell.

“There are a number of areas where we have been asked to consult which illustrate the types of issues facing companies today“ continued Mark Birrell. “These include:

• Working with clients to help them derive greater benefit from their existing management information systems infrastructure, or providing advice on leveraging new or existing data warehouse solutions
  
  
• Program and project management of back office system implementations to ensure these systems meet business requirements
  
  
• Helping clients to produce a clear and concise IT strategy that supports the client’s business objectives in the short, medium and long term
  
  
• Introducing rigour into vendor selection, so that there is clarity about what is being bought, its likely cost, delivery schedule and associated risks and mitigations
  
  
• Helping clients to manage their underwriting intellectual property by proving processes and an infrastructure to ensure all risks are benchmark priced in a secure and auditable environment.

ENDS

For further information, please contact:
Mark Birrell, Wildnet 0207 397 9501
Caroline Wagstaff, Lucid Communication 0207 580 1769

Notes to Editors

Wildnet was founded over seven years ago to assist the insurance community to process their business requirements electronically. Utilising decades of industry experience, as both brokers and underwriters, Wildnet brings a unique industry understanding that aims to solve business problems either by providing consulting services, applying the right transactional and processing systems, or creating customised solutions. They have built over 25 web based processing platforms, and provided a range of systems to insurers, reinsurers, brokers and Managing General Agents.